HIGHWOODS PROPERTIES, INC. — Director's Dealing 2013

Mar 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HIGHWOODS PROPERTIES INC (HIW)
CIK: 0000921082
Period of Report: 2013-02-28

Reporting Person: STEVENS TERRY L (SVP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-28	Common Stock	A	14852	—	Acquired	132832	Direct
2013-03-01	Common Stock	F	3027	—	Disposed	129805	Direct
2013-03-01	Common Stock	M	12139	$18.89	Acquired	141944	Direct
2013-03-01	Common Stock	S	12139	$36.28	Disposed	129805	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-28	Stock Option (right to buy)	$36.50	A	20520	Acquired	2020-02-28	Common Stock (20520)	Direct
2013-03-01	Stock Option (right to buy)	$18.89	M	12139	Disposed	2016-02-28	Common Stock (12139)	Direct

Footnotes

F1: Restricted stock is granted by the Company and not purchased by the reporting person.

F2: In accordance with the terms of the initial restricted stock award and in connection with the vesting of the award, the reporting person tendered a portion of the restricted stock award to the issuer in satisfaction of his tax liabilities.

F3: Represents the weighted average sale price. Sale prices range from $36.27 - $36.33

F4: The reporting person upon request by the Commission staff, the issuer, or a security holder of the issuer, agrees to disclose full information regarding the number of shares sold at each separate price.

F5: Options vest ratably over 4 years on March 1st of each year after the grant date.